Business policy ch10 sg

Which of the following are part of culture?

Beliefs; social mores; social norms

Strategic positions (blank)

Can fluctuate

Firms can achieve increased competitive advantage as a result of (blank), which are firms that produce a good or service that increases the perceived value of a focal firms offering when the two are combined

Competitors

Which of the following are included in the CAGE network?

Cultural distance; economic distance; geographic distance

Multinational enterprises that manufacture commodity products that focus on cost leadership tend to use a (blank) strategy

Global standardization

Which of the following conditions suggest a multi to Mestic strategy might be the appropriate strategy for multinational enterprise?

High demand for local responsiveness; host countries with idiosyncratic domestic markets; little need for cost reductions

During globalization 1.0 all important Business functions were located in the home country, whereas during globalization 2.0 multinationals began to copy themselves (blank)

In a few key countries

The integration responsiveness framework suggests that companies facing high pressure for responsiveness and low pressure for cost for adoption should follow a (blank) strategy

Multidomestic

Which of the following factors of them combine to lead to tragic outcomes for domestic workers of multinational enterprises?

Multinational enterprises search for low-cost labor; failures to enforce safety standards; government corruption

Competitors information

Pg 331

In Global-standardization strategy, the main competitive element is (blank)

Reduced cost

Which of the following are examples of local responsiveness?

The sale of metal chopsticks in South Korea; the sale of mutton burgers in India; the sale of toads in preparation in China

Multinational enterprise are the driving force behind globalization

True

When an multinational Enterprise does not face strong pressure for cost reductions or local responsiveness, an international strategy is typically (blank)

Advantageous

According to Porter's (blank) Framework, the availability of top notch (blank) (firms that provide a good or service that leads customers to value the focal firms offering more when the two are combined) further strengthens National competitive advantage

Diamond; complementors

The oldest form of internationalization is (blank), which involves producing goods in one country to sell in another country

Exporting

Which of the following are distinctive features of globalization 3.0?

Firms create global networks of local expertise; technology helps reduce communication distances; multinational enterprises recognize into a more seamless global enterprise

The benefits of competing on a global scale exist (blank)

For an increasing number of firms

Before World War II, business strategy, implementation, and typically moved (blank)

From domestic headquarters to outposts abroad

As the standard of living in emerging economies, multinational enterprises are hoping that (blank)

Increased purchasing Power will enable workers to purchase the products are used to make for exports only

Though many benefits exist, which of the following are among the drawbacks of a trans national strategy

It is difficult to implement; it requires organizational complexity

Which of the following best defines national competitive advantage?

It is the extent to which a country can compete in international markets

Which of the following best defines national competitive advantage?

It is the extent to which country can compete in international markets

According to (blank) consumer needs and preferences throughout the world are converging and becoming increasingly homogeneous

Levitt's globalization hypothesis

When a company has difficulty coordinating operations across geographic distance and between distinct cultural environment, it experiences (blank)

Liability of foreignness

Multinational enterprise pursuing a multidomestic strategy hope that (blank)

Local consumers will perceive them to be a domestic

One notable advantage of a multidomestic strategy is

Lower exchange-rate exposure

which of the following statements regarding fact conditions in porters diamond framework is true?

Natural resources or not necessarily needed to generate worlds leading companies

Which of the following are the most important determinants economic distance?

Per capita income; wealth

Which of the following characters help make an multinational enterprise international strategy successful?

Prominent brand names; strong reputation; large domestic markets

When pushing an international strategy, a company (blank)

Sells the same products in both domestic and foreign markets

A multinational enterprise would likely be motivated to pursue global standardization strategy in order to (blank)

Take advantage of economies of scale; take advantage of location economies

A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to

Take advantage of location economies and economies of scale

All other things equal, the greater the culture distance, (Blank)

The Greater liability of foreignness

Leading biotechnology, software, and Internet companies and leading computer manufactures are concentrated in which of the following countries or states?

The United States; China; Taiwan

The believe that the importance of location is diminishing as an explanation of firm level competitive advantage is called (blank)

The death of distance hypothesis

Which of the fine statistics regarding multinational enterprises in the United States are correct?

They account for 11% The private sector employment growth since 1990; they make up 74% of the private sector research and development spending 2000; they pay 25% wages

Which of the following help shrink the administrative and political distance between countries?

Trade agreements; shared currency; a history of conversation;

A (blank) strategy focuses on integration at the business level by attempting to reconcile products differentiations at low costs

Transactional

What are the four quadrants of the integration-responsiveness framework

Transactional, multidomestic, international, and global standardization strategy

The extent to which members of a society feel anxious when faced with unknown situation is known as (blank)

Uncertainty avoidance

born global

their founders start them with the intent of running global operations

The specific characteristics of needs in a firms domestic market, such as customers who hold companies to a high standard of value creation and cost containment, are also called (blank)

Demand conditions

Despite a growing belief in the death of distance hypothesis, there remains evidence that certain countries remain leaders in specific industries and maintain a kind of (Blank) Advantage

National competitive

Despite a growing belief in the death of distance hypothesis, there remains evidence that certain countries remain leaders in specific industries and maintain a kind of (Blank) advantage

National competitive

Referring to Exhibit 10.6, integration responsiveness framework suggest that companies facing high-pressure for both local responsiveness and cost reduction should follow a (blank) strategy

Transactional

Multinational enterprises need an effective global strategy in order to (blank)

Achieve a competitive advantage against other companies